Even though overall you are correct that bitcoin's volatility seems to be going down, the character of bitcoin's volatility does not seem to be different from the past, since it seems that an overwhelming time it seems that we are going down rather than UP, so bitcoin frequently will have short periods of UPpity bursts and then long periods of mostly retracing the UPpity bursts and then another UPpity burst and then retrace. 

What else is new?  Even when things are going well, guys are tending to complain that it is not going good enough for them.

I recall in 2016 and 2017 having extended arguments with guys about various shitcoins outperforming bitcoin, implicitly referring to Ethereum, but perhaps some other shitcoins too.. and also several times proclaiming bitcoin to both be broken and to be lacking in its upside potential.  It was quite irritating since I kept saying that I was happy with how bitcoin was performing, so even if I would personally be referring to starting out 2015 in the mid $200s, so then at the end of 2016 we were in the $500 to $1k range and I was quite happy to be up 2x to 4x, but then in 2017, bitcoin's situation kept getting better with $2k to $5k and then $5k to $10k and then going nearly doubly above $10k.. so in the end, I kept asking how the hell was I supposed to be disappointed with 78x price performance from the bottom of $250 to the top of $19,666.

Shitcoiners were pumping their crap even back then and proclaiming that bitcoin had little to no upside potential, and sure we don't know where bitcoin is going this time around, yet I have no problem considering that there is still upside potential in this cycle.


It seems that you showed too much.  You gotta get some clues from the techniques of some of the more practiced location revealers.  They tend to show only a fraction of the location so that guys (guessers) have to extrapolate from the existing data to fill in the remaining context.


Hahahahahaha..

Not a bad idea.  When in doubt, blame LFC - but I would not want to discourage him from posting and/or being himself.


Surely many of us knew it before Saylor - yet it is kind of nice to have him pumping our bags, even though whether it is good for bitcoin or not, to have so many coins controlled by one person/entity is questionable at best.

Not that we can really stop anyone from adopting bitcoin and/or pursuing whatever accumulation strategy that they deem suitable to their own interests.


In recent times, I have had developed a tendency to want to start my counting of bitcoin material and substantial price history from 2012, too...... which I have been tending to use $5 for a round about price for bitcoin at the beginning of 2012.


I am not sure if bitcoin is any kind of a complete solution, since governments are likely going to continue to screw things up for a while, and even if they have bitcoin in some of their talking points, they really don't tend to have deferred gratification type behaviors and/or abilities built within their systems, and so they are going to have learn those kinds of behaviors/practices - which will likely take time to learn.. .a generation or two and bitcoin will likely inspire such incentives to play out over couple of generations.

At the same time, I would agree that bitcoin remains a place that individuals should be placing value in order to attempt to protect themselves and their finances, and yeah, the more that we are able to build up our bitcoin holdings the better for each of us on an individual level, yet surely there are guys who have very limited discretionary income, and so they (including newbies to bitcoin) have to figure out some kinds balances in regards to their chosen bitcoin allocation, and sure if they can invest anywhere between 5% to 25% of their income into bitcoin for several years, perhaps greater than a cycle or two, then those folks allocating to bitcoin likely are going to be in a better position than if they had not made such bitcoin allocations.

So yeah there are direct benefits from bitcoin and societal benefits from bitcoin, yet the societal benefits are likely going to continue to take a while to really play out, even though the process has already been happening and ongoingly taking a while to see any kinds of tangible evidence of actual improvements in society.


For sure individuals, governments and institutions are likely going to continue to attempt to manipulate bitcoin to their advantage, yet bitcoin was already designed to attempt to account for various already existing manipulation practices, and new ones are likely going to be attempted along the way, too.


Yeah.. how are your stupid-ass Trump coins doing?

It is not the dumbest of your investment ideas, so far, right?


When they shut my account down in late 2018, they gave me similar kinds of lame excuses.  I have not tried to register another account, yet I am not really opposed to having more ways to get in and out of bitcoin.. .. and sometimes we can feel limited in our options.. .. which also brings back my frequent preferences to have more options to e able to just use my bitcoin, including increased adoption might be helpful if we are able to transact with individuals with our bitcoin, though I am not transacting too often with individuals, which then points to a need for more merchants to accept bitcoin, but I continue to believe that current tax laws discourgage businesses from getting into such extra record keeping obligations.


Yep.  What are the odds?

Many of us have doubts.

I still consider it to be bettable for anyone wanting to take the other side of the bet..   

I say that the top is not in, and sure many of us are likely hoping for the same thing.

Anyone wanting to take the other side of such proposed bet?


Interesting that such a bot can transition itself into such mode.


Yep.. Frustrating, and part of our vulnerabilities over the years to have various ways to be able to get in and out of bitcoin.  surely exchanges are not the solution, but at the same time, how many of us can be transacting with each other.. and yeah more and more KYC options are coming available.. while non-KYC avenues are not exactly encouraged, but they still exist.. but ongoingly attacked.

It would be nice if LocalBitcoins would be able to come back... which was a great way to be able to at least search for people wanting to network about exchanging bitcoin.


Of course, you were about 8-9 months earlier than me to the forum, yet by the time that  I was looking into bitcoin, MTGOX was already having a lot of liquidity and locked account situations, so I was not even close to trying to figure out how to establish an account with them.  My first three accounts were Local Bitcoins, Coinbase and BTC-e, and they were pretty much simultaneously established.  Local Bitcoins was an immediate way to get started, and Coinbase had several limits that slowly raised the longer that we had accounts.  I did not buy bitcoin through BTC-e, but instead just wanted to play with having an exchange. and yeah, I stared out having shitcoins too..


I did a quickie research on QuadrigaCX's dates, and it appears that it operated 5-6 years (from 2013 to 201/2019?) before it went out of business... so surely you would have had opportunties to put money there... and so we need not focus on its demise.  There were likely a lot of Canadians who put at least some of their money into them (held some of their coins there).



From my recollection, a lot of Cotten's behaviors did not add up, including that it appeared that he was trading BTC in order to money launder rather than actually losing money in his supposed trading.


I don't trust whatever supposed "friendly" bitcoin approach is going on in the USA government either..., They are not being friendly enough from my own point of view in terms of something like local bitcoin's coming back... Local bitcoins went away in 2018/2019 too.  First in 2018, they got more draconian about KYC, and then in 2019 they shut down in the USA.. and then later they shut down in other locations (world-wide).  They were a pretty good place to exchange coins.


When I got into bitcoin, I had frequently thought that the dollar was in a demise mode, but it may well take 30 years or more to demise.  There have been some acceleration effects in recent times, but I would imagine that a lot of other currencies will meet their demise prior to the dollar's complete demise.


I know that I probably screwed it up by responding to your baloney.  hahahahahaha   #nohomo.. you gotta throw in a few insults to make it a more pure JJG mode..


I will agree that Trump seems to be serving as an accelerator, yet I have my doubts if it is a "needed" accelerator.